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credit bureau scores arent the only real important ones
- Posted May 27, 2011 by Monty Loree
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Credit Bureau Scores Aren’t the only real Important Ones


While customers have gained a higher comprehension in recent years of how credit bureau scores are generated and how lenders use them to evaluate credit requests, some may be surprised to hear that these are not the only scores loan companies use.

When generating a decision whether or not to grant credit-from credit cards to car loans to mortgages-lenders leverage many different types of predictive scores. These other scores might be made to predict different types of outcomes (such as a person’s probability to reply to a pre-approved credit offer) and might incorporate other kinds of data in addition to credit bureau information (information supplied on the credit score application, for instance).

One such predictive score frequently utilized by lenders is the customized software score. Custom application scores are very similar to credit bureau scores in that they are designed to evaluate the danger posed by a specific consumer (the likelihood that he or she pays a credit obligation as agreed). The key distinction is that while credit bureau scores are centered on predicting general danger (whether or not a person will turn out to be delinquent on any credit obligation), custom application scores are specialized, designed to accommodate a lender’s customer base and predict whether an applicant pays as agreed on that lender’s specific mortgage or line.

Customized application scores generally include an evaluation of the applicant’s credit bureau data, but might consider other data also. This might include information supplied on the credit software (duration of employment time, income, financial debt to income ratios, etc.) or info about loan terms (mortgage vs. lease, phrase of loan, etc.).

Whilst there is a diploma of correlation in between credit bureau scores and customized application scores, they capture various predictive patterns to determine the likelihood an applicant pays back again a financial debt as agreed. Consequently, most lenders will make decisions on a credit applicant using each a credit bureau score and custom application score. In many instances, the applicant will have to pass the score cut-off for both.

While the various credit bureau scores used by loan companies are broadly obtainable to consumers, customized application scores are not. One key cause for this really is the potential confusion this could cause customers. As customized software scores are distinctive for every loan company, they do not possess a standard score range and the scale can be reversed (greater scores can imply higher danger).

From a consumer’s point of view, it's important to know that the usually recommended practices for sustaining a healthy credit bureau score are paying expenses on time, keeping credit balances relatively reduced and only seeking new credit when needed-apply to custom application scores also.

See Also


Task Performed by the Credit Bureaus
Canadian Credit Bureaus Discussion Forum
Credit Bureau - Equifax Canada

External Links


Alberta-mortgages.com
Myfico.com
Transunion.ca

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how you can fix your own credit score
- Posted May 25, 2011 by Monty Loree
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How you can fix your own Credit Score?


Do not pay anybody to help you fix your credit. The majority of these businesses are scammers that cost upfront charges and fall short to deliver results. It is one of the most "scumbag-rich" industries within Canada You are able to fix your personal credit score with a combination of knowledge and discipline. The self-discipline component is as much as you. The understanding is introduced beneath.

Poor Credit Kills Your Probabilities of Obtaining a Mortgage


You will find plenty of reasons to improve your credit score. But this really is a home-buying website, so I'll concentrate on that. If you want to obtain a home loan mortgage to buy a house in 2011 or beyond, you'll need great credit. The definition of "good" differs from one lender to the subsequent. Let's just say anything below 620 around the FICO scoring scale is considered a poor score.

If you drop beneath this variety, you'll have a hard time qualifying for a mortgage loan. And even if you do qualify, the lender will charge you a higher rate of interest than a borrower with good credit.

So right now you have several reasons to repair your personal credit score:

By dealing with it yourself, you'll steer clear of the upfront charges charged by "credit repair" companies.You will greatly improve your probabilities of getting authorized to get a mortgage.

You will be provided a better rate of interest on a mortgage, which lowers your monthly payment.You will have a simpler time qualify for other funding, like automobile loans.

See Also


Improve Your Credit Scores in 5 Easy Way
Making Your Credit Score an Excellent One
Who Monitors Your Credit Score and Why is It Important?

External Links


Wikihow.com
Credit.about.com
Repaircreditnews.com

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five ways to discover about travelling with credit cards
- Posted May 23, 2011 by Monty Loree
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Five Ways to Discover about Travelling with Credit cards



1. The right credit card is the least expensive method to spend overseas.


Most cards add a 3% cost towards the exchange rates banks on their own get, yet a couple of specialist cards don't add this 'load', meaning you receive perfect exchange rates beating even the very best bureau.

Pocket one just for investing abroad, though always repay in Full to avoid interest. See the journey credit card greatest buys area, which also consists of prepaid cards if you do not possess a good credit score.

2. Never change money in the airport.


Airports and ferry terminals tend to give the worst rates, as you’re a captive customer. If you should get it from the airport, pre-order for pick-up to get a better rate (usually feasible till four hours beforehand).

Much better still use the TravelMoneyMax.com travel money comparison website to findthe very best feasible deal including all costs and any commission.

3. Debit cards can be the worst method to spend.


Whilst specialist credit cards give good rates, most do not. And whilst any card which costs you interest is a bad offer, some debit cards (bank account cards) really have the worst fees - as they include as much as £1.50 every time you invest.

These include Lloyds TSB, Halifax, RBS, Intelligent Finance, Santander & NatWest. Don’t invest on these overseas.

4. If they ask ‘Want to pay in Pounds or Euros?’, say ‘Euros’.



If you’re paying on a credit or debit card and an overseas retailer offers to let you pay in pounds, reject it. It's called dynamic currency exchange and means the shop does the conversion, generally at a worse price than your own card.

5. Beware how you pay for foreign cash.


Whilst the holiday cash comparison will find you the most affordable rates, there’s another possible hidden charge at bureau de change. All charge cards and some debit cards, such as Barclays, Lloyds TSB, Natwest, Santander & RBS, charge a cash withdrawal fee.

Use a different card if possible or withdraw pounds on your debit card and pay with that.

See Also


Travel Rewards Credit Cards for Canadians
Travel Credit Card Canada
Choosing the Best Travel Rewards Credit Card

External Links


Simviaje.com
Discovercard.com
Family.go.com

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greatest resources for debt settlement guidance
- Posted May 22, 2011 by Monty Loree
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Greatest Resources for Debt Settlement Guidance


There are lots of different places which you will see advertised that declare that they provide debt settlement advice, plus they also claim that they're going to get rid of all of your debt in one single day. The majority of these places claiming these things are scams, plus they wish to manage your debt so that they are able to make a profit from you each month when you are paying them. Should you be looking for your greatest debt settlement guidance you then are going to want to sit down with a financial debt settlement attorney for a free consultation.

A debt settlement attorney will be able to tell you all of the various laws and rules that are going to need to be followed, how much cash you can probably get negotiated, and what your other choices are as well. Using a debt negotiation lawyer to complete the function for you is the greatest choice, simply because they know what they're doing plus they have already been doing it for years. Nobody knows the legal method more thoroughly than a lawyer, and a financial debt settlement attorney functions with people just like you each and every day.

Obtaining the best advice that you can is going to assist you to get out of financial debt and settle all of your different debts rapidly, and this can be a massive relief for many customers. You are also going to want talk concerning the various modifications that you could make so that you remain out of debt and which means you do not run into this issue ever again. Allow our financial debt attorneys assist you to get out of debt, and around the path of rebuilding your financial reports, and also on the way to an improved and brighter financial future.

Do not fall into scams stating that they are going to settle all of your debt and minimize everything into one reduced monthly payment, simply because they will take your money. Get the help that you need from attorneys that know the laws these days.

See Also



FAQs Regarding Our Debt Settlement Program
A 2011 Update on Bankruptcy against Debt Settlement
Debt Settlement Discussion Forum

External Links


Zipdebt.com
Debtsettlementlink.com
Usoba.org

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need for reputable debt settlement solutions on recent rise
- Posted May 20, 2011 by Monty Loree
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Need for Reputable Debt Settlement Solutions on Recent Rise


In today's challenging financial times, the need for qualified customer credit and debt settlement solutions has elevated tremendously. In response, droves of businesses offering credit card financial debt settlement have started to dominate the buyer finance landscape. Despite the higher need for credit card debt settlement, most financially-strapped individuals are unfamiliar with its real mechanics. Consequently, they cannot identify qualified service providers.

To alleviate this widespread consumer ignorance, various personal and federal government resources have been established to facilitate customer education concerning the financial debt relief process. One such resource will be the National Foundation for Credit Counselling (“NFCC”). Through a joint effort with United Way, NFCC has launched a public awareness marketing campaign to increase common information about financial debt counselling. The Association of Independent Consumer Credit Counselling Agencies (“AICCCA”) is a comparable agency. These companies of long-standing national recognition are the greatest resources of information to help guide customers in the search for trustworthy debt assistance.

The accreditation standing of particular service providers could be ascertained via online search engines. Any past history of issues or consumer complaints are readily available online by way of the higher Business Bureau site at bbb.org. Comparable customer evaluation websites reveal others' experiences with numerous financial debt settlement providers.

Financial debt settlement and credit counselling aren't one-size-fits-all propositions. Consumers' needs in these areas differ broadly. For example, credit card debt settlement entails a completely different approach from negotiating the settlement of installment accounts or collection charge-offs.

Even more essential is staying away from predatory financial debt settlement businesses. These firms usually promote particular practices without individualized analyses of consumers' specific conditions. Some even need exorbitant advance fees. Others have inherent conflicts of interests that render their solutions ineffective.

As licensed attorneys, they have affirmative ethical and legal obligations to signify only the client’s greatest interests and in all aspects of the debt settlement procedure. As their client, the very best possible final result personally stays their overriding concern throughout the whole debt settlement procedure.

See Also


FAQs Regarding Our Debt Settlement Program
The Effect of R7's (Debt Settlement) on your credit report
Prepare For The Debt Settlement Process

External Links


Ehow.com
Ezinearticles.com
Christianet.com

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when does financial debt negotiation make sense
- Posted May 19, 2011 by Monty Loree
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When Does Financial Debt Negotiation Make Sense?


Debt settlement is definitely an effective method to resolve debts inside a relatively fast time period. The concept is that the person or family that is in debt will save their cash and then the financial debt settlement company will consider that saved cash and attempt to negotiate a settlement using the creditors for an amount that's much less than what is owed.

This benefits the creditor simply because they will receive cash instantly, saving them the costs of selling the debt to a collection agency or paying for legal costs. It benefits the person in debt simply because they won't have to spend the complete quantity or accrue any much more interest on the money that's owed.

You will find downsides to financial debt settlement, however. It will negatively affect the credit score of the individual in financial debt. The amount of the debt that's forgiven is taxable as earnings. It is also not guaranteed to function and may take as much as two years to finish.

One very big problem is the fact that, without proper contracts from a debt settlement lawyer, the creditors can actually nonetheless sue the debtor for your balance that was forgiven. In fact, at any stage during the debt settlement if the creditor decides to, they are able to just start legal proceedings to have the balance paid off, occasionally through wage garnishment.

For all of these factors, debt settlement doesn't usually make sense for everybody. It does make sense for those who have a large quantity of debt and who are becoming constantly harassed by collection agencies. This is particularly true if the debt continues to be lingering for some time.

It does not make sense for those who can make payments by better managing their budgets. Those who have a constant income and who can trim components of their budget so they can have additional money every month are better served with financial debt counseling or financial debt negotiation.

In addition, it does not make sense in the event the financial debt is very small. It would be much better to try and work out a payment plan using the lender straight if the financial debt is extremely small.

Those which will benefit the most from debt settlement are those that have some income, but whose debt is so large that they've no chance of ever before paying it off. This is a scenario where if financial debt settlement does not work, then bankruptcy could be the only other choice.

See Also



What is Debt Negotiation?

Debt Management: Freeing Yourself from Debt

The Secret To Negotiating With Creditors Like A Pro

External Links



Debtmanagementart.com

Debt-consolidation-link.com

Ninedebt.com

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unsecured debt get funded in the absence of collateral
- Posted May 18, 2011 by Monty Loree
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Unsecured Debt: Get Funded in the Absence of Collateral


Debt can be basically categorized into two departments. The first one consists of debts where the borrower keeps some collateral as security with the lender who is giving a loan to the borrower. This arrangement is called as a secured loan. And the other one in which no security or asset is required to be kept with the lender. This is a case of unsecured debt.

Unsecured loan or debt has many advantages. If a person does not own a valuable asset like home, jewellery etc. then in that case the person can opt for an unsecured debt. The loan can help the person to fulfill his commitments. One can use it for any personal use, business use, wedding, home improvement, debt consolidation, paying off expenses etc. There are many lenders who deal in unsecured loans. You just need to take up some homework on the Internet. You can even get many lenders with reference from your friends and relatives.

Unsecured debt serves only one disadvantage and that is the higher interest rate. However, with a good credit you can get benefit of a nominal interest amount. But, if you have a bad credit history then you will be charged much higher interest rate. This is because, in such a case, the risk factor is quite high for the lender due to the lack of security and good credit history.

This debt is a hassle free loan mainly because there are almost no credit checks. The time required for loan approval is also less due to less documentation and formalities. The loan can be used for debt consolidation too. If you have too many unsecured debts with different lenders then you can borrow a larger sum from one lender and use the loan to pay off the smaller multiple loans.

Unsecured debt can be useful to improve your credit report. Suppose, if you have an adverse credit history, then appropriate payment can help you get good credit remarks. Tenant loans, payday loans, students unsecured loans etc. are some examples of unsecured loans. The loan may be short term or long term depending upon the circumstances and the terms and conditions of the lender.

See Also


Secured Credit Versus Unsecured Credit
UnSecured Debts Need Advice
What is Debt Relief?

External Links


Moneyproblems.ca
Debtdict.com
Yourloan.ca

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payday industry in danger of default
- Posted May 16, 2011 by Monty Loree
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Payday Industry in Danger of Default


Take a look at these scoundrels! In the event you find yourself short of money and require a quick advance of $500, they're heading to cost you $50. Whilst that may not sound particularly steep, that actually functions out to an annual proportion price of 260%! Even worse, they are charging these usurious prices even though state laws restrict interest costs to 36% or so. Who are these dastards? Some nefarious payday lender like Advance America (NYSE: AEA) or First Cash Financial (NASDAQ: FCFS)? May be they are a pawnshop operator like EZCORP (NASDAQ: EZPW)?

Nah! It's none other than Wells Fargo (NYSE: WFC), the bank that has been suckling in the teat of the taxpayer by taking $25 billion in loans from Treasury, scooping up the ragged remains of Wachovia (NYSE: WB), and benefiting from the discomfort inflicted on the monetary services industry.

This is substantial because voters handed the payday business substantial setbacks in ballot initiatives in both Ohio and Arizona final week. Payday lender CashAmerica is becoming pressured to shut down 43 shops in Ohio because voters handed a cap on short-term loans at 28%. However, not only is Wells Fargo permitted to continuerunning there, however it has official sanction simply becauseit is "regulated."

Wells Fargo provides a services called Direct Deposit Advance, which permits customers to borrow as much as $500 ahead of their pay check becoming deposited for a fee of $2 for each $20 advanced -- that works out towards the 260% APR mentioned previously. But do not look on Wells Fargo for that type of disclosure as it will only be exposed following the borrower will get the loan and gets his bank statement. It is not common for major banks to provide payday loans, but Wells Fargo isn't alone.

U.S. Bancorp (NYSE: USB ) costs a similar amount as Wells Fargo does but says that the APR is 120%, presumably simply because they are looking at it as being a month-to-month cost rather of a biweekly one. Fifth Third Bancorp (NASDAQ: FITB) costs $1 per $10 borrow via its Early Access system.

The much-maligned payday loan industry is really significantly much more egalitarian than their "regulated" brethren although their risks of default are greater, which must justify the greater fees they charged. You don't have to have an account with a payday lender to get a money advance like you do with Wells Fargo. And whilst payday loan companies have restricted means of forcing collections, Wells Fargo has any deposit more than $100 instantly deducted from your account to pay them back.

The FDIC started a pilot system this year to possess traditional monetary establishments offer micro loans at interest rates that payday loan companies have stated are unprofitable. Whilst thousands of loans have already been made, it's not a runaway success since the financial institutions are discovering it hard to generate income just because the payday business has. Among the issues not addressed within the pilot system, though, is supplying loans to individuals with bad credit score. Payday lenders do that every day; banks will not loan cash to someone who has poor credit.

Because they possess the imprimatur of the federal authorities, banks have the right to use the same programs payday loan companies are castigated for. Perhaps that explains why they've been so vociferous within their assistance of restrictions on payday lenders: They just do not want the competitors.

See Also


Canadian Payday loans Canada
Bankruptcy and Payday Loans
Online Payday Loans in Canada

External Links



Cfsaa.com
Billeater.com
Personalmoneystore.com

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premium cards maintain on its improvement
- Posted May 15, 2011 by Monty Loree
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Premium Cards Maintain on its Improvement


Credit card businesses have already been raising fees and adding new ones for customers with sub-par credit score to be able to compensate for the new rules that went into outcome once the CARD Act cut into their ability togenerate credit card charge earnings. But for the clients on the other end of the spectrum, premium credit cards are enhancing the perks.

The Thank you Premier Card from Citi offers some unique benefits like a yearly free companion ticket, 15% low cost on any coach/economy or first class domestic air ticket and as much as $1,500 in trip-cancellation insurance for journeys paid for with the credit card and up to $3,000 for misplaced baggage. Citi also implemented a no-fee policy for foreign transactions. This can be a developing pattern with most credit cards.Capital One has had this feature currently; AmEx Platinum will include it soon and Chase features it on some cards. The Thank you card includes a $125 yearly fee for the main member and $50 for every additional member, each of which is waived the very first year. APRs range between 13.99% and 21.99% based on credit rating.

The Thank you Prestige Card offers benefits above and beyond the premier card. The yearly companion ticket can be used for an intercontinental as well as domestic trip. Gold-level membership in Hilton Honors regular stay program, access to personalize concierge services for tickets and such and membership within the Priority Pass, airport lounge system all add to this cards worth.

The yearly fee is $500 for the main member and $175 for each additional member and also the APR is 15.24%. The good print will deliver a few things to consider. Promotional airfare is available when tickets are bought through Spirit Incentives however they say the feesare the lowest fares available. Also, the 15% low cost applies towards the airline, routing and schedule that Spirit Incentives chooses. Other restrictions apply so it pays to do your research. It appears credit card issuers are upping the ante to entice this lucrative, premier clientele.

See Also


BMO Premium CashBack MasterCard
Best Cash Back Credit Card
Best Mastercard Credit Card

External Links


Marketprosecure.com
Americanexpress.com
Thedigeratilife.com

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how a gift card can be a substitute to a credit card
- Posted May 14, 2011 by Monty Loree
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How a Gift Card can be a substitute to a Credit Card


Gift cards have been a topic of conversation in side a number of different arenas. They have become an instrument which aids credit card thieves in stealing millions of dollars of untraceable transactions. Gift cards have also become a favorite of traveling customers looking to safeguard their credit card data from being compromised throughout their travels. Gift cards will also bean excellent method to give a present at the receiver's preferred merchant and permitting the receiver to create his own choice. Nevertheless, just as with credit card accounts, along with the good, comes the bad; extreme charges that eat up a portion of the gift card balance and difficulty in obtaining a substitute if the card is lost or stolen.

Customers now have an additional option. GiftRocket, a recently launched system assists credit cardholders send a gift card without being physically present and yet offers added protection for the giver against loss or theft. With GiftRocket, consumers can purchase a virtual gift card for nearly any company desired. Customers merely visit the GiftRocket website and select the merchant you need to buy the gift card with. On the site, the giver provides a couple of particulars regarding the gift card quantity and recipient prior to adding a personal message before paying for his virtual gift card with a credit card.

After the credit card transaction is finished, the gift card recipient is sent a message via e-mail. When he's ready to redeem his virtual gift card, the receiver presses "redeem" on his Smartphone. After GiftRocket verifies approves the transaction, the gift card quantity is deposited into the recipients PayPal account. If he doesn't possess a PayPal account, one is automatically created. GiftRocket doesn't require any extra app be downloaded on towards the recipients Smartphone, but it does need that he/she be physically present when the gift card is redeemed. A GiftRocket card can be bought for virtually any business.

See Also


Prepaid Credit Cards for Canada?
Top Ten Credit Cards
Credit Card Application in Canada

External Links


Answers.yahoo.com
Differencebetween.com
Blog.giftcardrescue.com

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taking financial debt into retirement
- Posted May 13, 2011 by Monty Loree
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Taking financial debt Into Retirement


Retirement ought to be a time to benefit from the fruits of one's labor but for many, the bad economic system has forged a shadow around the golden years. Unfortunately, numerous customers go into retirement carrying higher ranges of credit card financial debt and experts say more and more senior citizens are looking forcredit counselling. In most case, the economic system would be to blame as it has shattered any long-term monetary planning they had in place. An additional hiccup caused by the poor economy is the fact that seniors have to assist their grown up kids who have lost jobs. Also, numerous have to use credit cards after retirement to buy medication and pay for doctor and hospital visits, all adding to outstanding debt. In accordance to one survey, 56 % of retirees had outstanding credit score card debt once they stopped working and 96 % refused to delay their retirement because of the financial debt.

Retirement for many means restricted, fixed earnings. High credit score card financial debt is not an ideal situation to be in and can produce hurdles in retirement goals. Funds which were intended to cover regular living expenses can be quickly diminished, as they are needed to cover credit score card debt obligations. Monetary counsellors suggest reviewing any monetary strategy to make sure it is nonetheless viable. If it is not, it will have to be altered to achieve exactly the same retirement goals.

Occasionally, the solution would be to delay retirement till the debt is paid off or at least under control. Others may need to think about getting a part-time career or discovering a second career. One business expert suggests taking Social Security advantages early and use that money to spend down credit card financial debt since the financial debt will continue to grow as the interest compounds year after year. Most advisors would inspire customers to wait until full retirement age to collect these advantages to be able toget the maximum amount. Consumers with IRA and 401(k) plans should start withdrawing by April 1 following the year they attain age 70. Using those retirement money to repay card debt might not be considered a bad idea because it’s likely not earning the same interest as what's being paidon the financial debt.

See Also


What is retirement planning?
Retirement and the Mortgage Loan
Two Ways To Debt Relief

External Links


Fromdebtintoretirement.com
Retirehappyblog.ca
Money.usnews.com

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visa shares the lead alongside mastercard
- Posted May 13, 2011 by Monty Loree
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Visa shares the lead alongside MasterCard


Visa's 2nd quarter profits soared to an overwhelming 24 %, considerably greater than specialists had predicted. Like its main competitor MasterCard, Visa generates the majority of its earnings from debit and bank card transaction feesreferred to as interchange charges. According towards the Commerce Division, consumers used debit and credit cards to pay for 70 % of their family items, a 2.7 percent increase through the prior quarter. Joseph W. Saunders, Chief Executive Officer Visa, noted the giant credit card network recognized "double-digit development in payments volume" along with significant raise in transactions of these cardholders traveling out of their country.

Business overall debit and credit card investing rose by 13 % to $861 billion as internet income increased by 15 percent to $2.25 billion. Visa's running costs elevated slightly by 3 percent, but had been nicely below its earnings increase. Cardholders traveling from their home countries helped to push income up by 13 percent whilst processed transactions also improved by 13 %over exactly the same time last year. Saunders stated that the business is doing so well that they are able to purchase back nearly 9 million shares of stock. Because the largest debit and credit card payment network on the planet, Visa ideas to extendan extra $1 billion repurchase program.

Analysts expected Visa to donicely, however, there are issues that could drop apart if new Federal rules cap interchange charges. Interchange fees are charges that merchants spend each time a consumer swipes his debit or credit card. A portion with the charge goes towards the merchant's financial institution, a portion goes to the cardholder's bank and the majority of the fee is paid towards the card network such as Visa and MasterCard. If handed, Federal guidelines would cap interchange fees at $ 0.12 per transaction instead than a proportion with the total transaction which can often end up costing the merchant more than the mark up price. Such a law would decrease card companies and banks' income earned from interchange fees by almost $12 billion a year.

See Also


Best Visa Credit Card Canada
Visa Rewards Credit Cards Canada
What is Visa compared to Capital One?

External Links


Streamliveinfo.com
Venturebeat.com
Cottonrohrscheib.com

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a card for every mother
- Posted May 11, 2011 by Monty Loree
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A Card For every Mother


The common mother must obtain the most out of every dollar and there seems to be a bank card for every need.

• For the family members who buys in bulk, Costco and American Expressoffer the True Earnings Card. Moms have figured out that redeeming the cash back rewards at the warehouse store can result in an additional cartload of groceries each and every few months. When the credit card is utilized as the Costco Executive Membership, it earns a 2% money rebate on purchases at Costco.

Capital One's MTV Visa credit card offers unique music and enjoyment rewards that add up quicker on purchases in the films and dining establishments. Actually, for every dollar spent on entertainment, it earns five points and restaurants make 2 points per dollar.

• The PenFed Visa Platinum Cashback Rewards credit card supports army households with an incredible 5% rebate on gas purchase and 1% back on every thing else. It is estimated that numerous American moms generate 29 miles daily, with gasoline costs soaring, any small bit helps. You don't need to be within the military, anyone can join the Pentagon Federal Credit Union for a one-time donation to a designated military charity organization.

• Escape by Discover Card provides hope towards the mother who wants to get away. This credit card earns double miles on each and every buy as well as additional bonuses when buying from Discover's web site. Every month that the card is paid on time, you earn 1,000 bonus miles, for a maximum bonus of 25,000. Discover converts every 10,000 miles into an unrestricted $100 travel credit so the possibilities are limitless. This credit card has a $60 yearly charge.

• Blue Cash Everyday Card from American Express provides a 5% rebate on any buy at a drug store, gasoline station and supermarkets. 1.25% American Express CardAmerican Express Card are earned on all other purchases and there is no yearly fee. The APR is really a little greater so to be able to obtain the most bang-for-your-buck from this credit card, the balance ought to be compensated off every month.

• For the mother who is looking forward to college, Fidelity Investments 529 College Rewards American Express Card is one of the best rewards credit cards out there. It permits for as much as 2% of yearly investing to be set aside for school expenses. The cash will grow, tax-deferred inside a 529-college savings account at Fidelity Investments.

See Also


Best Secured Credit Card Canada
Balance Transfer Credit Card Canada
Low Interest Credit Cards for Canada

External Links


MBNA.ca
Creditcards.ca
Canada.creditcards.com

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Identity Theft Watch out
- Posted May 29, 2009 by Monty Loree
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Identity Theft! Watch out!

Do take a few minutes to read this article as you may be one of the victims of identity theft. Identity theft is a condition where someone erroneously uses your personal information to get loan, steal money, transfer credit, open new accounts etc., in your name. You may not know about it until maybe you plan to get a loan or buy a new house. Or worse, when you are asked to pay back a loan that someone else has taken in your name. Though you cannot completely make sure that no one uses your personal information falsely, you could be a little more cautious by regularly going through your credit reports.

In case you have already been affected by identity theft then there are a few steps that you should follow as soon as possible. With evidence, report the matter firstly to the three major credit reporting agencies - Equifax, TransUnion and Experian, then, to the police and the Federal trade commission. Finally in case of fraud report it to the concerning credit card company. It is extremely mandatory for you to report the problem immediately after you notice it. Any delay might work against you.

In case of Social Security number (SSN) misuse, though the Social Security Administration (SSA) does not usually assist in identification of theft victims, do contact the SSA on time, to report Social Security benefit fraud, employment fraud, or welfare fraud.

Once you are done with reporting, keep track of your credit reports. Try to make it regular. Make use of the law which helps to obtain free credit reports at the end of every 12 months. In case of any suspicious dealings, immediately call or mail the concerned creditor or bank and let them know about it. If you are lucky enough you may be able to trace the thief or in the least, resolve your problem. Once your identity theft dispute with a company has been resolved, get the company’s closure, on the disputed accounts, in black and white. This will come in handy in case the problems relating to this account resurfaces.

As the good old saying goes, “prevention is better than cure”. It is very important to make your Social Security number, credit card numbers, or other financial account information, more personal. Once the identity thief catches hold of any of these details then you are sure to confront a tough battle against all the mess that he would make. So the next time you dispose your bills which has personal or financial information or fill up your personal information in unknown websites, think twice. It might as well be someone who is trying to steal information about you and use it to drain your financial savings and destroy your reputation.

Be exceptionally watchful over the internet. This is the medium where you can easily spill over personal information. If you feel that a particular website is not authorized, then make sure you do not enter any personal information in it. And do not open spam messages. You can help others from falling victim to this kind of fraud by spreading awareness among your family and friends.



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Getting a Loan from Banks
- Posted May 29, 2009 by Monty Loree
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Getting a Loan from Banks

Before you think of getting a loan from banks, make sure that you are well prepared. Do small researches on all the things that you need to know before you apply for a bank loan. Consider the kind of loan you will be requiring – long term or for a particular period, the total amount you will need, how you are planning to use the money and mainly how you will be paying it back in time. And most importantly, think of all the short comings that you may face during the loan period. For example, if you are planning to start a business, you need to have a clear plan of how you would execute it. Your plan will decide if you are worthy enough for the loan. The bank is flooded with thousands of proposals to get loans each day. Only if your plan is crisp and well sketched will the bank consider it. Once that is accepted and you are able to convince the bank with your business strategy then you have crossed half the well.

Though banks are more comfortable and opt for financing the up and running business which shows promise, it also risks in lending a loan to start a new venture. Basically, all they want to know is if they can rely on you. If they are sure of your trustworthiness, then you can be sure of getting the loan from them. Your credit history speaks a lot about you. If you have been paying your due in time, it will help the bank to know more about your sincerity.

Apart from your character, the bank also bets on things that you own. This is known as security or assets. Before the bank sanctions the loan, you are asked to submit details regarding the security you own. The security includes –

  • Government bonds
  • Shares, land, building that you own,
  • Fixed deposits
  • Machineries – both movable and immovable
  • Vehicles


Showing proof of any of these above assets will ensure that you are granted a loan. Even if in some unfortunate circumstance you are unable to pay the loan, then the bank can cease your security. “Sureties” (any well known reliable account holder) can be your referral. A fine bond with the bank will make things smoother for you. Maintaining this connection during the loan period will help in easing out any misunderstandings that might occur later.

There are different types of loan offered by the bank. Few of them are – industry loan, vehicle loan, personal loan, commercial loan, housing loan, educational loan, etc. Though each bank differs in their own set of rules or terms in offering loans, a good credit report increases your chances. Opt for banks that offer flexible repayment terms. Look into all the terms and conditions of the bank before you apply for the loan.

The main advantage of acquiring loan from the bank when compared to other means is that it is easier to get. Though initially your credibility is under scrutiny, once they are sure of you, you won’t be having any problems.

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what are credit tips
- Posted May 19, 2009 by Monty Loree
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What are credit tips?
Purchasing an Toronto-area home may be a far different experience than it was just a couple years ago. If you purchased a home in Toronto - or virtually any other part of the country, for that matter - during the height of the housing and {{{credit}}} boom, you will likely have breezed right through the loan application process. As a result of government-encouraged incentives, {{{lenders}}} developed a myriad of loan programs to put homeowners into homes - some of which they simply could not have afforded otherwise. We are all more than aware of the result of these loan programs and the havoc it wreaked on our nation. As a result, banks have switched gears entirely; in fact, the good majority of individuals in the United States can no longer breeze through a loan application for a mortgage. Changes in the Lending Industry that may Affect you when Purchasing a Home:

Traditional loan programs rule. If you are looking for one of the trendy loan programs of years past, you may be out of luck. No-doc loans, subprime {{{loans}}} and interest-only loans are now, for the most part, a thing of the past, and have been replaced with more traditional loan programs. What does this mean for you? Traditional loans generally consist of 15 to 30-year loans with a hefty down payment (about 20 percent). These loans also require documentation regarding your debts, your income and your credit. ~ Competitive Loan Rates are now the Name of the Game. Those looking to purchase or refinance will likely experience excellent, competitive interest rates, provided they have the credit to back it up. Interest rates are now at near-historic lows, so this is certainly a prime opportunity for those with excellent credit.

Down payments are required - so start saving now! Many of the alternative loan programs required very little - if any - down payment monies, but that went away as quickly as the easy credit. Expect to have at least 20 percent down of the purchase price of a home, maybe more, depending on the lender's requirements. You can raise your FICO score by paying off credit card debt, by always making the payments on your monthly bills (in time and in full), and by keeping your debt-to-income ratio at a reasonable level. Don't forget that many things come into play regarding your FICO score. Even your utility bills can come back to haunt you if you've failed to pay them on time. Realtors represents buyers and sellers of real estate in Toronto, Ontario including homes for sale in Bowmanville. Article Source: http://EzineArticles.com/?expert=Tina_W_Fountain

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what is credit repair
- Posted May 10, 2009 by Monty Loree
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Credit repair in Canada is a recently new term term that has been around for the since the late 1990's.

Credit repair has to do with your Equifax credit report, and your TransUnion credit report. By law, everything on your credit report needs to be accurate, complete and verifiable. Many times what happens is that there are data entry errors, or reporting errors on an individuals credit report that are not reporting the true status of a person's credit history. Items that are reported on a credit report can be your personal contact information, credit information, public information inquiries and more.

You need to ensure that your credit information is perfectly correct, accurate and verifiable. The ensures that you have complete control over what is being reported about you to current and future creditors.

Items that could be wrong on your credit report � Identity Theft items could occur on the credit report. � Name Misspelled � Employers misspelled � Address information recorded incorrectly � Credit card or bank loan Information reported incorrectly & Duplicate items listed & Payment history errors & Collection agency Items reported illegally or incorrectly & Delinquent accounts reported incorrectly. & Unverified credit inquiries & Unverified credit or collection items

There are approximately 45 different types of information on a credit report. And because of the methods they are entered in to you credit report, there could be errors. If you suspect that there are errors, inaccuracies or unverifiable items on your credit report, then you need to start the credit repair process.

The credit repair process is as follows: Identify the credit report line item that needs to be fixed. Write a letter to the company that originated the information. This could be the collection agency, creditor, court, etc. As them to fix the error and re report the item to the credit bureau. Write a letter to the credit reporting agency asking them to investigate the item and then fix it as necessary. Wait for the responses and then repeat the process if necessary.

If required you can complain to your provincial Consumer Protection Agency to have them enforce your credit dispute if you're not getting the appropriate action from the credit bureau and the originator of the credit listing.

The main point of the credit repair process is to ensure that your current, and future creditors are getting 100% accurate information about you and your credit history. It is very important to make sure that they make accurate credit decisions for you.

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for sale 1998 plymouth voyager mini van white pics
- Posted May 03, 2009 by Monty Loree
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UPDATE: VAN IS SOLD

FOR SALE: 1998 Plymouth Voyager Mini Van:
White - PICS

What a shameless way to sell our mini van... I thought I would post it on the blog. :)

AS OF: May 3, 2009

1998 Plymouth Voyager Mini Van FOR SALE

ASKING PRICE: $2,500

FOR SALE: 1998 Plymouth Voyager Mini Van: White - PIC 1
Front Passenger Side View

FOR SALE: 1998 Plymouth Voyager Mini Van: White - PIC 2
Rear Driver Side View

FOR SALE: 1998 Plymouth Voyager Mini Van: White - PIC 3
Rear Passenger Side View

This van is really good condition. We've owned the van since 2001.

Details:
New tires - 1 year old
Air conditioning
Power locks
power windows
power rear (fin) windows
3.3L - 6 cylinder engine
150,000 KMs ( low kilometers)

Located in REGINA, SK

REASON FOR SELLING: We purchased a new car and no longer need this vehicle.


MORE INFORMATION:
The thing I like about the Plymouth Voyager, is that it's a common vehicle. There aren't a shortage of parts available. This is a well built vehicle by Chrysler. It's made for the family. It has extra outlets from which we plugged in a TV , cooler etc on our trips out west to Calgary, AB.

This has served us well as a family vehicle for the last several years.

For Sale
1998 Plymouth Voyager Mini Van for Sale
Low Kilometers, - 150,000KM
Family Vehicle


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